New Ulm, Minnesota.
Typical home $250,546 (+6.1% in a year). New Ulm, MN metro.
to buy the typical home at today's mortgage rate — +$711 (+118%) since Jan 2020.
- 1 year
- Up $14,470 +6%
- $236,075$250,546 since Sep 2025
- 5 years
- Up $59,624 +31%
- $190,921$250,546 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- New Ulm$1,315
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in New Ulm, MN rose 6.1% over the past year — faster than the nation's +1.2%.
Living in New Ulm, Brown County, Minnesota
New Ulm is a city of 14,120 people in Brown County. Half its households earn more than $64,449 a year and half less, against $69,378 across Brown County; 9% of its people live below the poverty line. 75% of its homes are lived in by their owners and 25% are rented. Unemployment in Brown County was 4.3% in August 2026, and the county had 0.8% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. New Ulm is a small city in Brown County, Minnesota, with a median age a little younger than many towns of its size. Incomes run below the county's, and most homes are lived in by their owners. Winters are cold and snowy, with January the coldest month, while summers are warm, and the year brings a fair amount of rain and melted snow.
Work. Most residents work in schools, hospitals and social care, with manufacturing, professional and business services, and shops also employing many. Among the largest workplaces in New Ulm are 3M Company, NEW ULM Medical Center, and Kraft Heinz Co. New Ulm. Commutes are short, and relatively few people work from home.
Things to do. Flandrau State Park, a protected area, lies in or beside town, as do the Wanda Gág House and the Brown County Museum, both museums. For time on the water, School Lake and Juni Lake are both a short drive away.
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- 6,081households
- 28%of adults have a degree
- 9%below the poverty line
- 12 mintypical commute
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Brown County had 13,328 jobs in 2025, 0.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 24° and lows near 7°; warmest in July, with highs near 82° and lows near 62°. About 38 inches of snow and 31 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the New Ulm Southeast weather station, a mile away (NOAA).
Largest workplaces in New Ulm
- 3M Company669
- New ULM Medical CenterCritical access hospital414FTE
- Kraft Heinz Co. New UlmCheese manufacturing400
- New ULM Public School DistrictSchool district316FTE
- J&R Schugel TruckingGeneral freight trucking, long-distance, truckload282
- WalmartWarehouse clubs and supercenters223
- Oak Hills Living CenterNursing homes214
- Martin Luther CollegeUniversity or college212
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 47 workplaces with 20 or more staff, 5,765 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Winter weatherRelatively high
- Strong windRelatively high
- Tornadoesrelatively high in parts of New UlmRelatively moderate
- Hailrelatively high in parts of New UlmRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in New Ulm’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Brown County and the New Ulm, MN metro.
New Ulm home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- New Ulm$250,546
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 New Ulm listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- New Ulm29.03%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- New Ulm62
New listings per month
Sellers arriving at the market.
- New Ulm23
Zip codes with a New Ulm address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls New Ulm — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in New Ulm
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 56073 | New Ulm | 17,339 | — | $250,639 |
| 56041 | Hanska | 1,039 | — | $314,816 |